Successful traders are always disciplined. Discipline as a success factor is mentioned in almost all the trading books, she also became the subject of separate classic works such as "disciplined trader. gave the correct signals in 85% of cases. It is possible that this relationship is maintained in the future. But maybe not. Unforeseen factors such as changes in general market conditions, may have a negative impact on your strategy. Lack of discipline will make the situation worse.
Imagine a strategy at work, on which the success rate is high enough. Unique opportunity to benefit from the law of large numbers – it's like to work may be more similar cases in accordance with the settings of your trading plan. Disciplined traders trust strategy is enough to send their funds for the implementation of the plan and have a good chance capitalized on the chances. Unruly as a trader, in contrast, are all kinds of wind. He should be trading plan sporadically, often breaking it. Discipline – a key success factor, but not everyone can support it at a sufficient level. Success requires that you brought up in his self-control.
One reader of my columns on the psychology of trading once said: "You talk a lot about simple things. Why do you think it is difficult to stay disciplined? You create a trading plan and follow it. What's hard? ". I must admit that it really sounds simple. We are developing plans constantly, and very often do not follow them of particular difficulty.